Catizen AI postponed the $CATI coin airdrop, which was originally scheduled for July 2024. Now, the Token Generation Event (TGE) will take place on September 20, 2024. Notably, the team delayed the event to secure major exchange listings and ensure there is sufficient liquidity, helping to guarantee a smooth launch.
Catizen AI Coin Airdrop Delayed to Ensure Smooth Launch Amid Market Competition
Catizen delayed the $CATI coin airdrop to finalize its exchange listings and prevent potential issues. The developers aim to launch the token smoothly, ensuring adequate liquidity and stable pricing, especially on platforms like Binance.
$CATI coin Glitch Before Listing. Source: @the_desire118
In addition, announcements from competitors such as Hamster Kombat and DOGS led Catizen AI to delay its own airdrop. Specifically, the team wanted to avoid launching during the same period as these rival projects, ensuring that the $CATI coin maintains visibility in the market.
$CATI Token Supply and Distribution Plan
The $CATI token has a total supply of 1 billion tokens. The largest allocation, 40%, is reserved for the airdrop and ecosystem development.
Other allocations include:
- 20% for the treasury,
- 20% for the team,
- 8% for seed funding,
- 6% for strategic investors,
- 4% for liquidity,
- 2% for advisors.
Additionally, Catizen AI structured the token release schedule for seed investors, advisors, and the team to prevent large sell-offs. For instance, these groups will start receiving their tokens 12 months after the launch, with a 12-month cliff followed by a four-year vesting period.
Catizen Community Stays Active Despite $CATI Token Airdrop Delay
Despite the delay, Catizen’s community remains active. For example, the platform has recorded over 30 million on-chain transactions, with many players involved in various in-game roles. Moreover, players are encouraged to stay engaged, as the snapshot for airdrop participation could occur before the official token listing.
